Stock Market Goes On Sale

Posted on Do 12 Juni 2008 in misc • 1 min read

  • 401K
  • Economy
  • Trends tags:
  • 401K
  • Economy
  • Trends meta: _edit_last: '5' dsq_thread_id: '181043752' author:

    Say what you want about Robert Kiyosaki, the author of Rich Dad, Poor Dad, but he's a smart man. I could help but laugh when I read this line from an interview with The Street.com (emphasis mine):

    "I haven't been this bullish in years," says Kiyosaki. "What a buying opportunity. ... The stock market goes on sale, and everybody runs away."
    But, he's excited probably only for a short time.

    "When the market comes back, I go back to sleep," he says.

    I too share his sentiment but I managed to pull money out near the top and buy near the market lows (I hope). As of yesterday I started my program of rotating my cash and bond holdings back into the market and plan to be 95% in stocks by December 2008.